By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…
Government Reviewing Reintroduction of 15% Tax for New Units in FY26 Budget
By: Admin|July 30, 2024|Categories: Income Tax News|News The government is currently reviewing the outcomes of the 15% concessional corporate tax rate scheme, which concluded on March 31. Official sources have…
Bombay HC Orders BMC to Refund ₹9.91 Cr Deducted as TDS to Builder
By: Admin|July 29, 2024|Categories: Income Tax News | News The Bombay High Court on Thursday directed the Brihanmumbai Municipal Corporation (BMC) to refund ₹9.92 crore to the Bombay Real Estate…
Tax Certificate Not Mandatory for All Travelling Abroad: Finance Ministry Clarification
By: Admin| July 29, 2024| Categories: Income Tax News | News 4 Min Read The Union Finance Ministry on Sunday clarified that a tax certificate is mandatory only for Indians…
Removal of Angel Tax for Startups to Help Attract Investors: Piyush Goyal
By: Admin |July 29, 2024 |Categories: Income Tax News Commerce and Industry Minister Piyush Goyal announced on Sunday that the removal of the angel tax, which was introduced in 2012…
GST Exemption Denied on University Affiliation Fees by Mumbai State Tax Authorities Amid Rising Concerns
By: Admin|July 29, 2024|Categories: GST Recent News In recent developments, the taxation of affiliation fees imposed on public universities in our state has sparked significant debate and concern. Despite requests…
Revenue Secretary Advocates for Inclusion of Petroleum Products Under GST
By: Admin|July 29, 2024|Categories: GST Recent News As taxpayers navigate the complexities of India’s tax system, a significant trend is emerging regarding the distribution of tax revenue collections between the…
Revenue Secretary Announces Revised Direct Tax Code Draft to be Ready in 6 Months
By: AdminJuly 26, 2024Categories: Income Tax News|News4 Min Read The Indian government is set to embark on a significant overhaul of the Direct Tax Code (DTC) in the coming months.…
Income Tax Portal Upgraded: July 31 Deadline for I-T Returns Likely to Remain
By: AdminJuly 26, 2024Categories: Income Tax News|News4 Min Read As the deadline for filing Income Tax (I-T) returns approaches on July 31, 2024, the Central Board of Direct Taxes (CBDT)…
CBDT Chairman Announces ‘Vivad se Vishwas’ Scheme Available for Taxpayers Starting December 31
By: AdminJuly 25, 2024Categories: Income Tax News|News The 'Vivad se Vishwas' scheme, a significant measure introduced in the Indian Budget for settling pending direct tax appeals, is set to make…